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Google says supports work to update international tax rules

Google said on Saturday that it supports the work being done to update international tax rules after G7 finance ministers agreed to pursue a global minimum corporate tax of at least 15per cent and to reallocate taxing rights for large, profitable multinational companies.

FILE PHOTO: Google logo is seen on on the company's European headquarters in Dublin
FILE PHOTO: The Google logo is seen on on the company's European headquarters in Dublin, Ireland, February 27, 2021. REUTERS/Clodagh Kilcoyne/File Photo

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WASHINGTON: Google said on Saturday that it supports the work being done to update international tax rules after G7 finance ministers agreed to pursue a global minimum corporate tax of at least 15per cent and to reallocate taxing rights for large, profitable multinational companies.

"We strongly support the work being done to update international tax rules. We hope countries continue to work together to ensure a balanced and durable agreement will be finalized soon," Google spokesman José Castañeda said in an emailed statement.

(Reporting by David Lawder; Editing by Sonya Hepinstall)

Source: Reuters